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KERNEX MICROSYS Gains 5%; BSE IT Index Up 0.3%
Thu, 21 Nov 11:0

KERNEX MICROSYS Gains 5%; BSE IT Index Up 0.3%Image source: hudiemm/www.istockphoto.com

KERNEX MICROSYS share price has zoomed 5% and is presently trading at Rs 972.6.

Meanwhile, the BSE IT index is at 41,535.1 (up 0.3%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 1.8%) and ZENSAR TECHNOLOGIES (up 0.9%).

CYIENT (down 2.5%) and TANLA SOLUTIONS (down 2.0%) are among the top losers today.

Over the last one year, KERNEX MICROSYS has moved up from Rs 634.0 to Rs 972.6, registering a gain of Rs 338.7 (up 53.4%).

On the other hand, the BSE IT index has moved up from 33,030.5 to 41,535.1, registering a gain of 25.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.1%), Firstsource Solutions (up 103.1%) and PERSISTENT SYSTEMS (up 76.9%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 77,062.0 (down 0.7%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 3.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,062.0, registering a gain of 11,406.8 points (up 17.4%).

KERNEX MICROSYS Financial Update...

KERNEX MICROSYS net profit grew 250.3% YoY to Rs 68 million for the quarter ended September 2024, compared to a loss of Rs 45 million a year ago. Net sales rose 2827.5% to Rs 412 million during the period as against Rs 14 million in July-September 2023.

For the year ended March 2024, KERNEX MICROSYS reported 33.4% decrease in net profit to Rs -267 million compared to net loss of Rs 200 million during FY23. Revenue of the company grew 385.1% to Rs 196 million during FY24.

The current Price to earnings ratio of KERNEX MICROSYS, based on rolling 12 month earnings, stands at -150.2.

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